Borrow or sell?
Selling is a taxable disposal; borrowing keeps the BTC but adds liquidation risk. This tool computes the liquidation price from the operator's maintenance LTV - the number you find in their loan terms.
About the Borrow vs Sell Calculator
Borrowing against bitcoin avoids selling - until the price drops far enough. The calculator shows your loan size at a given LTV and the exact BTC price that liquidates the collateral.
How it works
- Enter your collateral amount, the operator's initial LTV and its maintenance LTV.
- The calculator returns the loan you can draw and the liquidation price for that loan.
- Compare the liquidation price against historic drawdowns before you borrow - not after.
FAQ
What is maintenance LTV?
The level at which the operator force-sells part of your collateral. If your collateral drops below it, you are liquidated - the tool gives you the exact price.
Does it include interest accrual?
No - interest raises your effective LTV over time, which moves the liquidation price closer. Treat the output as the day-one number.
Is this free?
Yes - the math runs in your browser.
Part of the bitcoin card tools set - all free, all client-side. The facts behind every number live on the card register and in our guides.